C207 Preassessment.

PRE-ASSESSMENT: DATA-DRIVEN DECISION MAKING PVPC Attempt #1 Status: Passed 1. Analytics is a broad term that refers to a variety oftools thatinform managerial decisions. Which term can be used to describe managerial decisions? YOUR ANSWER CORRECT ANSWER Prescriptive Descriptive Pareto chart Biased 2. What are two reasons for the increasing use of analytics in organizational decision-making? Choose 2 answers. YOUR ANSWER CORRECT ANSWER Relatively lower cost of computer storage Lower availability of statistical experts Higher cost of obtaining data Higher computer processing power 3. How does probability theory inform decision-making for managers? YOUR ANSWER CORRECT ANSWER 8/26/2021 WGU Student Portal | Coaching Report YOUR ANSWER CORRECT ANSWER By quantifying risk By quantifying data By quantifying quality By quantifying costs 4. Which type of data are the Olympic medals of gold, silver, and bronze examples of? YOUR ANSWER CORRECT ANSWER Nominal data Ordinal data Interval data Ratio data 5. What are two aspects of data quality management? Choose 2 answers. YOUR ANSWER CORRECT ANSWER It calculates spurious data. It reduces the amount of incomplete data. It monitors data input rates. It cleans data. 8/26/2021 WGU Student Portal | Coaching Report 6. Which two attributes indicate potential data quality issues when evaluating a set of nominal data? Choose 2 answers. YOUR ANSWER CORRECT ANSWER Outlier data Missing data Out-of-range data Misspelled data 7. When conducting a study that measures an individual’s weight, all scales are calibrated prior to use in measurement. Which type of error should this procedure significantly reduce? YOUR ANSWER CORRECT ANSWER Systematic error Omission error Random error Information error 8. An advertising manager creates a research study by presenting low, medium, or high frequency of the same ad in matched markets. The manager then reports on sales in each marketlocation. Whatis the term for the different sales in this study?